WSE:STF

Stock Analysis Report

Executive Summary

Stalprofil S.A. distributes steel products in Poland and internationally.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Stalprofil's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: STF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

STF

4.5%

PL Trade Distributors

-0.7%

PL Market


1 Year Return

-5.3%

STF

18.0%

PL Trade Distributors

-8.8%

PL Market

Return vs Industry: STF underperformed the Polish Trade Distributors industry which returned 14.3% over the past year.

Return vs Market: STF exceeded the Polish Market which returned -7.6% over the past year.


Shareholder returns

STFIndustryMarket
7 Day0.6%4.5%-0.7%
30 Day4.5%5.9%-1.3%
90 Day0.6%12.8%-0.2%
1 Year-2.1%-5.3%20.9%18.0%-6.1%-8.8%
3 Year-40.9%-44.1%-23.0%-29.3%-6.5%-13.1%
5 Year-37.2%-41.2%11.4%0.3%0.5%-12.1%

Price Volatility Vs. Market

How volatile is Stalprofil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Stalprofil undervalued compared to its fair value and its price relative to the market?

7.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STF (PLN8.05) is trading above our estimate of fair value (PLN2.44)

Significantly Below Fair Value: STF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: STF is good value based on its PE Ratio (7.1x) compared to the Trade Distributors industry average (10.7x).

PE vs Market: STF is good value based on its PE Ratio (7.1x) compared to the Polish market (12x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate STF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: STF is good value based on its PB Ratio (0.5x) compared to the PL Trade Distributors industry average (0.6x).


Next Steps

Future Growth

How is Stalprofil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Stalprofil has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Stalprofil performed over the past 5 years?

55.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STF has a high level of non-cash earnings.

Growing Profit Margin: STF's current net profit margins (1.4%) are lower than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: STF's earnings have grown significantly by 55% per year over the past 5 years.

Accelerating Growth: STF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STF had negative earnings growth (-26.2%) over the past year, making it difficult to compare to the Trade Distributors industry average (14.9%).


Return on Equity

High ROE: STF's Return on Equity (6.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Stalprofil's financial position?


Financial Position Analysis

Short Term Liabilities: STF's short term assets (PLN675.9M) exceed its short term liabilities (PLN443.1M).

Long Term Liabilities: STF's short term assets (PLN675.9M) exceed its long term liabilities (PLN142.6M).


Debt to Equity History and Analysis

Debt Level: STF's debt to equity ratio (53.8%) is considered high.

Reducing Debt: STF's debt to equity ratio has increased from 24.4% to 53.8% over the past 5 years.

Debt Coverage: STF's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: STF's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet

Inventory Level: STF has a high level of physical assets or inventory.

Debt Coverage by Assets: STF's debt is covered by short term assets (assets are 3.4x debt).


Next Steps

Dividend

What is Stalprofil's current dividend yield, its reliability and sustainability?

2.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STF's dividend (2.86%) is higher than the bottom 25% of dividend payers in the Polish market (2.37%).

High Dividend: STF's dividend (2.86%) is low compared to the top 25% of dividend payers in the Polish market (6.55%).


Stability and Growth of Payments

Stable Dividend: STF's dividend payments have been volatile in the past 10 years.

Growing Dividend: STF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.4%), STF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.1yrs

Average management tenure


CEO

Jerzy Bernhard (68yo)

22.1yrs

Tenure

zł1,967,310

Compensation

Mr. Jerzy Bernhard has been the President of Management Board and Chief Executive Officer at Stalprofil SA since 1998 and serves as its General Director. Mr. Bernhard served as General Director at Stalprof ...


CEO Compensation Analysis

Compensation vs Market: Jerzy's total compensation ($USD498.07K) is above average for companies of similar size in the Polish market ($USD155.78K).

Compensation vs Earnings: Jerzy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jerzy Bernhard
President of Management Board22.1yrszł1.97mno data
Sylwia Potocka-Lewicka
Vice President of Management Board and Chief Financial Officer11.2yrszł1.05mno data
Henryk Orczykowski
Vice President of Management Board and Business Development Director14.1yrszł1.05mno data
Zenon Jedrocha
Vice President of Management Board and Commercial Director0yrszł1.06m0.0091% PLN13.0k
Stanislawa Tys
Chief Accountant0yrsno datano data

14.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: STF's management team is seasoned and experienced (14.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Krzysztof Lis
Member of Supervisory Board7.7yrszł84.48kno data
Jerzy Goinski
Member of Supervisory Board14.1yrszł84.48kno data
Stefan Dzienniak
Chairman of Supervisory Board10.4yrszł95.92kno data
Jacek Zub
Vice Chairman of Supervisory Board11.2yrszł90.20kno data
Marcin Gamrot
Member of Supervisory Board14.1yrszł84.48kno data
Tomasz Slezak
Member of Supervisory Board11.2yrszł84.48kno data
Andrzej Mlynarczyk
Supervisory Board Member1.7yrszł84.48kno data
Henryk Szczepaniak
Supervisory Board Member0yrsno data0.0016% PLN2.3k

11.2yrs

Average Tenure

63yo

Average Age

Experienced Board: STF's board of directors are seasoned and experienced ( 11.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Stalprofil S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Stalprofil S.A.
  • Ticker: STF
  • Exchange: WSE
  • Founded: 1988
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: zł143.500m
  • Shares outstanding: 17.50m
  • Website: https://www.stalprofil.com.pl

Location

  • Stalprofil S.A.
  • ul. Rozdzienskiego 11a
  • Dabrowa Górnicza
  • 41-308
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STFWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNApr 2000
0LYTLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNApr 2000

Biography

Stalprofil S.A. distributes steel products in Poland and internationally. The company offers hot rolled profiles, channels, equal-leg angles, unequal angles, and T-bars; cold formed profiles, such as square and rectangular profiles, and channels; flat, round, square, drawn, and ribbed bars, as well as wire rods; and hot and cold rolled plates, and patterned sheets. It also provides normal, economical parallel, and wide flange I-beams, as well as W-shape flanges and special economical I-beams; ordinary, economical, and UPE channels; flat, hot rolled roundsteel, and squared bars; and isosceles T-Bars. In addition, the company produces and sells outer anti-corrosive insulation for steel pipes and tubes that are primarily used for the construction of transmission pipelines; and supplies pipes and tubes for gas engineering sector, as well as for fuel industry, heat engineering, water pipelines, sewage systems, and various other areas. Further, it provides steel structures assembly and painting services. The company was founded in 1988 and is based in Dabrowa Górnicza, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 20:43
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.